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BlockBeats News, June 26th, Serenity's article stated that the current global financial market is undergoing a widespread pullback, and it is still uncertain when it will end. Major Asia-Pacific stock indices are under pressure, with South Korea's Composite Stock Price Index falling by 8.18%, Japan's Nikkei 225 Index dropping by 4.8%, and Taiwan's Weighted Stock Price Index declining by 3.82%. At the same time, high-growth stocks that had seen significant gains earlier are also experiencing a sharp decline, with individual stocks like SOI and RKLB seeing cumulative drops of 30% to 40% recently.
Based on past market experience, high-beta stocks usually lead the broader market into a correction phase, and their declines are often more significant. However, once the market stabilizes, these stocks are often the first to rebound. Apart from the already volatile Korean market, when major stock indices experience a single-day drop of 3% to 4%, it usually indicates that market risk appetite is rapidly cooling, and the short-term market environment tends to be quite challenging.
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